Non Habitual Resident Regime
#1
Non Habitual Resident Regime
Is anybody clued up on this I'd appreciate some advice? All I know is that it ends today,
After that, if I read it correctly 10% tax will be imposed on pensions of non residents.
After that, if I read it correctly 10% tax will be imposed on pensions of non residents.
#2
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Joined: Jul 2009
Posts: 1,836
Re: Non Habitual Resident Regime
When did you become resident in Portugal?
#4
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Joined: Jul 2009
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Re: Non Habitual Resident Regime
If you're not yet resident you will only be able to apply in the future for the less appealing rates that are now taking effect.
The deadline for application for the scheme is 31 March of the year following the year in which you become resident and you cannot apply until you are properly registered as a resident.
You have plenty of time to research the scheme.
The deadline for application for the scheme is 31 March of the year following the year in which you become resident and you cannot apply until you are properly registered as a resident.
You have plenty of time to research the scheme.
#5
Re: Non Habitual Resident Regime
Thanks for your input. What confuses me is that I receive a State Pension in the UK paid into
my UK bank and I draw what I need as I go. In essence that income falls under the domain of the UK Revenue system. In Portugal I do not derive any income, or receive any pensions.
my UK bank and I draw what I need as I go. In essence that income falls under the domain of the UK Revenue system. In Portugal I do not derive any income, or receive any pensions.
#6
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Joined: Jul 2009
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Re: Non Habitual Resident Regime
It will be considered taxable in the UK until you declare that you are resident elsewhere. It is usually taxed by your country of residence.
#7
Re: Non Habitual Resident Regime
Thanks for your input. What confuses me is that I receive a State Pension in the UK paid into
my UK bank and I draw what I need as I go. In essence that income falls under the domain of the UK Revenue system. In Portugal I do not derive any income, or receive any pensions.
my UK bank and I draw what I need as I go. In essence that income falls under the domain of the UK Revenue system. In Portugal I do not derive any income, or receive any pensions.
#8
Re: Non Habitual Resident Regime
Thanks for your help.
Just on that last post, Receivng it tax free in UK is fine, but is it still taxable here?
Just on that last post, Receivng it tax free in UK is fine, but is it still taxable here?
Last edited by Nomad_H; Mar 31st 2020 at 2:13 pm.
#9
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Joined: Jul 2009
Posts: 1,836
Re: Non Habitual Resident Regime
If you're resident in Portugal, yes.
The NHR scheme reduces the rate of tax paid on certain types and sources of income.
The NHR scheme reduces the rate of tax paid on certain types and sources of income.
#10
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Joined: Mar 2019
Posts: 871
Re: Non Habitual Resident Regime
My understanding is that the cut off was today for zero rate tax under the NHR scheme. From now on, there will be a flat rate of 10% tax.
#11
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Joined: Mar 2008
Posts: 1,705
Re: Non Habitual Resident Regime
If one has the new NHR (10%) and receive only pension money from the UK state, does the €4100 tax free allowance still apply?
#12
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Posts: 871
Re: Non Habitual Resident Regime